hey folks,

I was wondering what the best tools are for statistical analysis of tick data... and news events.

I guess the best tool for testing trading systems would be mt4/5, code the system, do a backtest with high quality history data...

but what about statistical analysis of crossrate data? like, for starters average winning days in a row for example to give an easy example...?

Or average daily range on some news?

I was thinking about coding that stuff in java, but maybe there are easier ways to do statistical analysis of forex data... mathlab? statistica?

would be great if anyone could point me into the right direction.

I was wondering what the best tools are for statistical analysis of tick data... and news events.

I guess the best tool for testing trading systems would be mt4/5, code the system, do a backtest with high quality history data...

but what about statistical analysis of crossrate data? like, for starters average winning days in a row for example to give an easy example...?

Or average daily range on some news?

I was thinking about coding that stuff in java, but maybe there are easier ways to do statistical analysis of forex data... mathlab? statistica?

would be great if anyone could point me into the right direction.